Basic Concepts of Risk Management
At the Suzuken Group, risk management is a first-order priority where we take preventative measures against the occurrence of risk and seek to minimize impacts when risks are realized by grasping the situation quickly and dealing with it promptly and appropriately. Through such measures, we work to gain even more trust from our stakeholders and improve the group’s corporate value.
Strengthening Risk Management Framework
In order to further bolster risk management, the Suzuken Group has established the Risk Management Committee, which works under the Board of Directors and is responsible for managing risks across the Group.
In addition, to ensure that the risk management system works effectively and efficiently, the Group has established working-level Risk Management Practices Committees as subcommittees under the Risk Management Committee. The subcommittee, which is established at each business segment in which Suzuken and its group companies are involved, is responsible for practical matters regarding overall risks.
The subcommittees examine risks in view of the characteristics of each segment, identify risks that should be shared within the Group and addressed as high priority, and work to strengthen risk management capabilities focusing on the risk prevention and mitigation.
Suzuken’s Internal Reporting System
Within the Suzuken Group, the Corporate Ethics Hotline has been established as an internal reporting system. The Group employees can report through the Corporate Ethics Hotline when they become aware that an act of violation of a law, regulation or the Articles of Incorporation, or any action that would damage the Suzuken Group brand, has been conducted or is about to be conducted at the Company and the Group companies.
The Group utilizes this internal reporting system to detect any risks at an early stage and promptly take corrective measures.